DESIGN READY CONTROLS, INC. 401(K) PLAN

Plan Contact

  • Address: 9325 WINNETKA AVENUE, NORTH,BROOKLYN PARK,MN
  • Contact person: JOHN HACKER
  • Phone: (763) 235-1352

Plan General Information

DESIGN READY CONTROLS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of DESIGN READY CONTROLS, INC. 401(K) PLAN is $11,801,548.00.This plan was established in 2008.

DESIGN READY CONTROLS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in DESIGN READY CONTROLS, INC. 401(K) PLAN is 494

DESIGN READY CONTROLS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for DESIGN READY CONTROLS, INC. 401(K) PLAN is $23,889.00

DESIGN READY CONTROLS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for DESIGN READY CONTROLS, INC. 401(K) PLAN is $3,481.00.

DESIGN READY CONTROLS, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in DESIGN READY CONTROLS, INC. 401(K) PLAN is approximately $640.00
Investing in this additonal $640.00 for 20 years would give you extra $40,966.00, assuming a 10% annual return.

DESIGN READY CONTROLS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, DESIGN READY CONTROLS, INC. 401(K) PLAN allocates $316,207.00 to match its employees' contributions, providing an employer match rate of 19.81% of their contributions

DESIGN READY CONTROLS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of DESIGN READY CONTROLS, INC. 401(K) PLAN is 28.54%.

DESIGN READY CONTROLS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for DESIGN READY CONTROLS, INC. 401(K) PLAN is 16.60%. This measures the effectiveness of the plan participants' investments in the year.

DESIGN READY CONTROLS, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of DESIGN READY CONTROLS, INC. 401(K) PLAN is 0.77%.

Enrollment Features

DESIGN READY CONTROLS, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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